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Greenlight Re taps veteran reinsurance exec as CEO

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Specialist reinsurer Greenlight Capital Re Ltd., Grand Cayman, Cayman Islands, on Friday said it has hired Simon Burton as CEO, effective July 1.

Mr. Burton, who will also be appointed to the company’s board, will succeed Leonard Goldberg, who will step down as interim CEO but remain a member of the board.

Mr. Burton previously served as CEO of SAC Re from its inception until its sale to Hamilton Insurance Group Ltd. in December 2013.

“Given his more than 20 years of insurance and reinsurance experience, and his proven track record building profitable underwriting platforms, Simon will be a terrific leader for our team," David Einhorn, chairman of Greenlight Re, said in the statement.